Latest development3 months ago
GM Loses Market Share to Toyota as Consumer Demand Shifts to Hybrids
The American automaker plans to reintroduce plug-in hybrids by 2027 to counter Toyota's expansion in the hybrid segment.
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Despite a Q2 decline in EV sales and losing U.S. market share to Toyota, General Motors stock maintains a positive analyst outlook with a $96 target price. To address the consumer shift toward hybrid technology, the company plans to reintroduce plug-in hybrids by 2027. Additionally, GM is diversifying its strategy by expanding into the energy storage sector to support the rising demand from AI data centers.
The American automaker plans to reintroduce plug-in hybrids by 2027 to counter Toyota's expansion in the hybrid segment.
Read the full storyAnalysts set a $96 price target for GM, implying a 25% upside following strong Q1 earnings, even as U.S. delivery volumes show signs of cooling.
Analysts remain bullish on GM as the automaker diversifies into energy storage for AI data centers despite a dip in Q2 EV sales.